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falling as concern mounts that washington will fail to get a budget deal. the dow jones industrial average lost 158 points today, to close at 12,938. the nasdaq fell 25 points to close at 2,960. for the week, both the dow and the nasdaq fell 2%. sectarian tensions flared across iraq today as tens of thousands of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra had demonstrations as well. protesters took to the streets waving flags and signs. they chanted slogans demanding fair treatment from the baghdad regime, and the release of sunni prisoners. shi-ite prime minister nouri al-maliki said the demonstrations were not acceptable. the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a ne
a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what it could moon for your pay, we got you covered. just head to our home page for a breakdown of different scenarios in washington, what it could moan for your money. for more on the fiscal cliff and a heated debate, check out an all brand-new episode of square off. the round table discussion airs right here on abc2 at 11 on sunday morning. >>> continuing coverage in the planned port strike. dock workers have been working on an expired contract. today t
manana en la zona del distrito de columbia. ... segun un reporte del periodico washington examiner, la cantidad de pasajeros que viajo en metro durante el mes de octubre fue de 9.5 por ciento, un numero inferior al que la agencia tenia previsto.. en alguna medida esta reduccion se debio a que el servicio se cancelo por precausion por casi dos dias, debido al paso del huracan sandy... como resultado la agencia de transporte reporto que su servicio de autbuses y trenes, perdio un estimado de 2.4 millones de viajeros... ....vamos a otros temas..una campana para sensibilizar a las personas sobre los peligros de los disparos al aire durante la despedida de ano ha sido lanzada en el sur de la florida. desde miami, lenny padura nos tiene los detalles. n.w. miami_-esta tarde- _william herrera-_padre de mas adelante:. si esta interesado en asistir a la segunda inauguracion presidencial del presidente obama, todavia esta a tiempo para solicitar boletos... ..en colombia directo a la carcel va un hombre que acepto haber violado, torturado y hasta matado a una mujer.. se aproxima el fin de semana y
to go up. but we only run the house. democrats continue to run washington. >> call me a hopeless optimist, but i actually still think we can get it done. >> eamon javers live in washington. eamon, fascinating to look at that tape in retrospect. >> i think a lot of people in washington think the make-or-break deal making sessions have already happened here. and one republican senator i talked to this morning said there are very low expectations now for this meeting at the white house today. and boy, how times have changed, carl. just watching that tape that you just ran. one of the things that i'll be watching for when i'm standing on the white house north lawn this afternoon is whether or not these four congressional leaders come out as they did back in november and talk to the press after the meeting. we've had a lot of meetings at the white house where people have left very quickly, gotten into a suv and driven off the complex without talking to reporters. if they come out to those microphones after this meeting and come out together, i think that will be a hopeful sign that pe
the hopes of many parents. >> and the president back in washington with four days still to go before that so called fiscal cliff arrives. both sides trading blame today. >> also here, big change coming from people who park in san francisco. you can tell you won't like the news. >> if you're looking to buy a new car, now is a great time. i'll tell you why you n >>> another day closer to falling off the fiscal cliff. and from all appearances no compromise is in sight. today, the president returned to washington. he's sending lawmakers a scaled down plan to avoid that fiscal cliff. abc 7 mark matthews brings us up to speed on gridlock. >> sticking point continues to be tax cuts z in starting to look like no deal before the january 1 deadline. this may already be too late. five days until the fiscal cliff. hairy reid admitted a deal seems unlikely. >> i have to be honest. i don't know time wise how it can happen now. >> reid called john boehner a dictateor and paintin painting -- pointing blame on him. >> we're here in washington working. wile members of the house of representatives are out watc
. >> lawmakers return to washington. we teeter on the edge of the fiscal cliff. what going over sit going to koflt you. >>> we have late word from washington on whether heroes of the first gulf war, commander of the international coalition that drove iraqi forces out of kuwait under the first president bush has died. he was 78 years old. he died in tampa, florida where he retired after serving as commander in chief of the u.s. central kmanld. he was a decorated combat soldier in vietnam. and u.s. officials confirmed the death but did not say how he died. >> people across the mid west are digging out from a giant winter storm that forecasters are warning there are more storms on the way. most occurred on roadways from nebraska to ohio. the storm dumped record snowfall in parts of the mid west, causing record cold throughout the south. travelers advised to expect delays returning home from the holidays. nearly 3,000 flights have been cancelled and 600 cancelled just today n new york one flight skidded off the runway. im 20s far below normal making recovery efforts difficult for victims of t
in oakland, i'm da lin, cbs 5. >>> in washington, it's coming down to the wire. only five days until we go tumbling over the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from th
in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind on anything the president proposes. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less than a million dollars a year. >> it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd. he meaning the speaker. so it's very clear now mr. presi
how to assign blame. lou: do you agree, bill? >> i don't agree as much. i think washington certainly has a culture of covering for each other. i don't see that this report is pointing such stark figures. i expect there will be a lot of ops vacation on the int of who is actually responsible, and we won't see. in the wake of september 11th no one resigned and was fired. i don't expect any fee to be held to the fire from much smaller incident like and gusty. lou: the accountability, the fact is there is one, i guess we can call him producer of an amateurish video. that person is in jail. there has been no other accountability for the events that transpired. i want said -- just to support bills point there, i want to turn to, if i may, secretary clinton's absence from the congressional inquiry process. she said she did not want to testify. the first time she was in asia with the president. the second time she had said she did not want to testify. ththird si she said she had a concussion and then everyone kamal of us would be concerned about her well-being, but the concussi came at the mo
we requested but were ignored that the line should terminate beyond washington square. now is the time for you to offer our merchants the low city treasurerance engineering termination of option 4 that will let us residents, russian hill, telegraph hill, golden gateway, chinatown, commute to work in a modern city's rapid transit vehicle. thank you. * >> next speaker, please. >> eric scott followed by julie christian son, and then joan wood. >> good afternoon. >>> this is not a project that's intended to benefit a single neighborhood. this is a project that's intended to benefit all san franciscans. when it was originally proposed to the public, the timelines and the cost estimates were based upon completion this year with revenue service starting no later than next year. there are very few projects that get better by being delayed. they just get more expensive. and all of the calls for additional environmental reviews. the frivolous lawsuits and so on, these are the things that are responsible for the explosion in the costs. we don't have to take this thing out through colu
washington. >>> not again, a giant storm on the move. >>> scare at sea, the cruise ship nightmare unfolding, the captain who warned the passengers ahead of time, but it didn't work. >>> and at last. ♪ at last the american greats me lost this year. ♪ moon river the lasting gifts and the laughs they leave behind. >> everything you do, do it cool. stand back. >>> good evening on this friday night. diane is spending this holiday weekend with her family. we begin with the 11th hour high stakes meeting at the white house late today to avoid the fiscal cliff. but no deal, asanger builds across the country, the clock is ticking. just four days left before taxes go up for all americans and federal programs see major cuts. we've shown you the math here. the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life h
federal law to disclose fees. -- breaking news out of washington. >> we're going to the white house where president obama is about to give a statement on the fiscal cliff. >> we also want to ask the wealthiest americans to pay a little more. it affects everyone striving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses, for our entire economy. the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax returns but rigid schedule to got by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, middle-class families, and it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we still may be able to reach agreement that can pass both houses in time. senators reid m. mcconnell
washington covering up anything but there are published wants that maybe he is is not the first baby -- she is not the first, and maybe carroll browner was involved in this, this may have gone on in bush administration, bush 43. is this - do you know anything about these accusations or reports? >> it was said during the clinton administration that carroll brander did not use e-mail. but we discovered, my colleague horner discovered that carroll brander did, wn the clinton administration left they destroyed hardwares that the e-mail was contained owe can't look back at shenanigans that cheryl branner was gettingp on the clinton administration. and now they are turning over approximately 12,000 e-mails to us. m: is that what precipitated her resignation, this is the common reason, i want to spend more time with my family. >> who knows, but it is no cosince -- coincidence she is up to her ears in scandal right now. tom. how widespread is this? other agents accused of using some sort of way to get around the law, federal records law, freedom. in could acts and other, government properties and
, washington. >> one of the biggest political moments playing out right now at the white house. let's go live there to the white house you november and show you what is going on. there it is. the president has made a proposal. it says if they don't have a counter proposal, the president is asking for an up or down vote in the house and the senate. picking it up from here, candy crowley will be doing "the situation room". thanks for watching. now to candy. >>> happening now, new details of the meeting between president obama and congressional leaders for what could be a last-ditch effort to avoid the fiscal cliff. >>> families in the making ripped apart. russia officially bans the adoption of russian children by americans. >>> and for the second time in a month, a man pushed to his death from a new york city subway platform in the path of an oncoming train. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> all eyes on that white house this hour. and the meeting that may be the last best chance to keep the country from going over the fiscal cliff. right now, the leader
was another law that was just passed in washington, so it is a response to the american law punishes human rights violators in russia. it was sparked by the death of a russian lawyer who died died in jail investigating a fraud case at the request of americans in russia. it singles out dozens of russians that police believe are connected to that case. they can't travel to the united states and their assets are frozen. russia has been defiant in this case. it is even launching a posthumous price for the new law and russian voices speaking of saying it's not fair to penalize children. having adopted 60,000 over last two decades, and as you mentioned, there are several dozen cases right now that are pending. several dozen russian children who are in the final stages of this adoption process. those who should be coming to the united states very soon. it is not clear what's going to happen to them. it's very sad because the parents and children have had numerous visits to russia by the parents. the russians have put them through the loops to see the u.s. governm says it will fight to see that th
dyson, in for ed schultz. breaking news from washington tonight. nbc news has confirmed that the president will host a meeting with all four congressional leaders at the white house tomorrow. this could be their last chance to get something done before we go over the cliff. this is "the ed show." and as ed would say, let's get to work. >> the american people are waiting for the ball to drop. but it's not going to be a good drop. >> senator reid says we are going over the cliff. the market drops. then house republicans announce they will return to washington. congressman charlie rangel and richard wolff will sort out the late-breaking news. >>> the l.a. gun buyback say major success, but is it enough to stem the explosion of gun sales in the wake of newtown? >> i've seen huge uptick in business. our a.r.s have been sold out because people are very concerned about them becoming banned. >> los angeles mayor antonio villaraigosa joins me live. >>> plus the louie gohmert plan to arm teachers is going forward in ohio and utah. >> i wish to god she had had an m-4 in her office.
report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know t
by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes & noble was one of the few market bright spots today. the london-based pierson learning company is investing $89.5 million in barnes & noble nook media unit. shares rally more than 5% on that news. but we've got to get back to the top headline of the day, nada, zip, zilch. president obama needing with congressional leaders at the white house ended a short time ago and the president is reportedly giving no new offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this
story opens the great white father in washington, has acted in the indian's behalf. the pipe of peace has been smoked and solemn treaties made. which gurantee forever the rights and property of the redman. he has been given large grants of land on which to live. regular shipments of supplies to provide for his needs. and law and order in his territory is being maintained by the presence of united states troops. for a long period, the indians lived contentedly and in harmony. then one day, a smoke signal appears in the sky. a signal for which many centuries has been the indians telegraph. his means of transmitting a message across the miles. on this particular day, the message from a far was of importance to tonto. friend and faithful companion of the lone ranger. to quick puffs. that's your sign, tonto. come from cheyenne country. must be from chief swift eagle. chief swift eagle good friend. see what him want. he says that it's important to see you right away, but he doesn't say why. ah, chief swift eagle, have plenty good reason or him not send for, tonto. me signal, me go. we find
me to talk about this, congressman yarmuth of kentucky. you are due back in washington sunday we're told. what will you tell your constituents if they're subject to those tax hikes that i just showed? >> well, i'm going to tell them what i've been saying and that is that unfortunately we have a republican majority in the house that doesn't believe in raising taxes on anyone, no matter how well think they may be. and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceiling. what do you make of that offer? >> i think one of the things that people don't realize is that it's a dirty little secret. the republicans don't want to cut the things that americans want cut. and they want to cut things that americans don't want cut. poll after poll shown americans do not want deficit reduction done by cutting medicare and medicare and social security. so they propose and saw the same scen
their members back to washington for work this sunday. that was after democrats blasted speaker boehner for their absence just yesterday. >> mr. speaker, we ought to be here. working. addressing these challenges. >> we are here in washington working. while the members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> meanwhile, some analysts say the washington waiting game is already dampening the economic outlook. take a look at this. consumer confidence has now hit the lowest level since august. according to a report from the conference board. so new year's eve is usually one time when everyone can cheer together. let's be real. if congress drops the ball before the ball drops this year, americans will have yet another reason to feel divided and frustrated with their leaders. we had the election and holidays. now the question is whether congress will make a new year's resolution to actually get things done. we have a great panel assembled here. i want to start with you, magg
to what we have now. >> reporter: yeah. >> talking about why in "the washington post" a couple of months and said never have we seen them this dysfunctional and criticize both parties and now acknowledge the core of the problem lies with the republican party. what do you think is going on with this truly do nothing congress? >> reporter: well, toure, one is tempted to be flip and say there's post offices that needing naming in the '50s and inflated the numbers and really essentially looking at the numbers the vast majority of those bills, the vast preponderance of those bills is sort of inconsequential bills. they have a special day reserved for post office namings and singing the praises of this day or that day or motherhood or apple pie and so, you know, it's sort of really hard to tell and it's fairly strong indication as if we needed that number to indication of how dysfunctional this congress is. here's somebody, a speaker in the background there saying speaker boehner arrived at the white house and listening to that together. and let me segue back to what's going to be offered here
. emanating principally from washington, the present, and members of his party in congress the tragedy at santee elementary school in connecticut provoking calls for solutions and prevention of such budget. >> are we really prepared to say that we are powerless in the face of such carnage? that the politics are too hard. now we prepared to say that such violence visited on our children year after year after year is somehow the price of our freedom? lou: several democratic lawmakers echoing the president's statements within all the hours of that shooting in pushing for a new second amendment of chechen. the senate's number two democrat says congressional hearings on gun control are on the way. senator dianne feinstein telling to get an assault weapon ban bill on the floor next month. senator chuck schumer of new york since in a political opportunity, passing gun-control insulation. >> i think we could be added to pinpoint for two reasons. to pinpoint where we might actually get something done. first, this was not a single incident. second, of course, it involves
in across the board. nicole collins has the latest. >> reporter: john boehner back in washington immediately heading to the white house, which brought the president and congressional leaders together the first time since november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the president calls congressional leaders to the white house, it's all political theatre or they have a deal. not that it's all political theatre. >> this is not for show but a last-ditch effort by the president to bring congressional leader together to try to get a small package at least, a small deal together before the new year. >> reporter: the president called the meeting as lawmakers pointed fingers in this high- stakes game of chicken. >> the republicans who are holding hostage the middle class in america society wealthy don't have to pay their fair share. >> we need two words: presidential leadership on not just taxing rich people. we could do that and it would not help the medicare fiscal cliff. >> reporter: with time running out, hopes have diminished with talk of a sm
mergener, for cbs news, washington. >>> time right now is 6:07 and i'm watching your money. we're going to have to see if wall street can finally ends its losing streak today. stocks have been down for four trading sessions in a row and yesterday did have the deposit of territory briefly after lawmakers agreed to meet sunday to discuss the fiscal cliff. but the dow actually fell 18 points, the end of the trading day. the nasdaq dipped by four. so far this year individual investors have pulled $150 billion out of the stock market for the third year in a row. constitutional investors -- institutional investors however, they've been adding to their stock positions. they've poured more than $80 billion into stocks so far this year. >>> mortgage rates fell to near record lows this week. freddie mac says the average rate on a 30 year loan slipped to 3.35%. that's not far from the record of 3.31% we reached about a month ago. low rates are making home buying more affordable and allowing more americans to refinance their loans. >>> and more americans are shifting to e-books nowadays. the pew r
washington. >> that accident happening here at this intersection of wheeler road and southern ave. it is a very busy intersection. it happened very early this morning. authorities say this all began much, much earlier. >> this is the scene at southern avenue and wheeler road in southeast d.c. after police say this stolen car slammed into a metro bus. >> at what point will they realize that you need to think about what you do before you do it? in the end you can hurt somebody. >> police say early this morning the suspects stole the car in landover and began stealing items out of cars and a number of different locations. she believes she was one of the victims of the early morning crime spree. she says her purse was snatched out of her back seat was vacuuming her car at this northeast gas station. >> they grabbed it just that fast. >> she says she gave police the tag number. police later spotted the car in oxon hill and twice attempted to pull the car over. authorities say both times the car fled. authorities say the driver then lost control, crashed into this white car before runni
or may not come out of washington? >> well, thanks. i think the reality is we're going to go over the cliff. the only issue is how long do we stay over the cliff? if it's 60 days, 90 days, that's a big problem for the economy, for the market, and i think you want to raise cash. i recommend starting with a cash weight of at least 10% and go up 2.5% each week, depending on whether or not they can come to agreement. i mean, i think ultimately it probably will come to agreement, but let's face it, obama's not going to get inaugust -- inaugurated until the 21st, and boehner thinks the real deadline is february or early march. that's a time frame to look for, and the reality is if you look at the markets over the last while, they are correlated between the commodity markets, oil, bonds, stocks, and that has not been the case for many, many years, and so it's really one trade. there's a macro trade. what's going on in the u.s. with the fiscal cliff, and before that, it was all about europe. david: larry, your picks, disney and direct tv, i know you like the vegas stocks, las vegas sans,
: it was founded to promote liberty and economic freedom, starting in san francisco, and then move into washington, d.c. milton friedman admitted the kindle institute has never sold out. we still work for liberty and freedom. i've been working with the cato institute since 1995 and full time since 2007. host: mary, fort washington, maryland. democrat. caller: i would suggest thinking that if you follow all of the problems come at the end of the trail you will find the smiling grin of greed. that is what i think caused it. for myself, naca program helped us, taking us out of the ugly arm. my mortgage is $964 a month, which will allow us to stay in our home comfortably. guest: people blame things like a financial crisis on greed, but greed is not changing. it has been with us for hundreds of thousands of years. people are greedy naturally. if we design institutions assuming people are altruistic, we will get hurt. we have to assume they are greedy, and if there altruistic, we will only benefit from that. we assume that people want to live in their own home, and give people a choice, buying or rentin
. it is a process -- people think of a filibuster in "mr. smith goes to washington." i think we should have those rules in place to change it so mr. smith stays on the floor during the filibuster. it does not just run time against the senate. it does not make any sense. if somebody feels strongly enough that they want to bring the senate to a halt, they should be willing to stay there on the floor and explain why, and i think it would be self- enforcing if people would be less likely to. people look at the senate and cannot work together, cannot get anything done, and one person wants their pay to be docked. >> any other reforms or tuneups? >> if somebody put a hold on it, you could not find out who did it. secret holds on nominees. once you put a hold on them, that was it. that was wrong. we have cleaned up the rules in many different ways. you would have a 60-vote threshold to do some like that. the people back home cannot understand that. they should not accept it. >> what about the lowest point? >> as part of the affordable care at, i tried to get medicaid for the expansion of medicaid, to ta
are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people are just tired of partisanship and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. i'm ed payne reporting. >>> president obama appears to have more backing from the public in budget negotiations. a gallup tracking poll released wednesday gives mr. obama 54% support compared to 26% for hous
rushing back to washington where storm clouds are gathering over the capital. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they say they haven't given up, but it sounds that way. >> i don't know time wise how it can happen now. >> here we are, once again, at the end of the year, staring at a crisis we should have dealt with literally months ago. >> reporter: without an agreement soon, nearly everybody takes a hit. a schoolteacher with two kids and a salary of $43,000, for example, will face a tax hike of more than $3,000. members of congress helped get us in this mess and they'll pay, too. with incomes of $174,000, they'll pay some $7,500 more in taxes. and it's not just taxes. on january 1, unemployment benefits expire for some 2 million people. you can expect one last effort, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be cone in time. jonathan k
, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax
. now back to you. >>> rain returns but not for everyone. sandhya is here washington look at the accu-weather forecast. >> the system will be different that comes in tomorrow. show you how in just a moment. from our south beach camera lovely 1 set this was 4:58 looking towards sutro tower. look at the color gorgeous thanks to the high clouds made of ice crystal. let's check out live doppler 7 hd and we still have high clouds moving in as you can see here with you not helping to keep the temperatures up much. we are in the upper 30's in the col coldest inland valley already. 37 in nap a.39 in livermore. rain for some of you friday afternoon and snow level coming down to around 3000 feet as we head in the saturday morning satellite radar this is a system we are watching today. nasty day with the high pressure ridge but now this system is going to start to change things up a bit. already seeing like i said some cloud cover. rain returns tomorrow afternoon but this system unlike previous storms will actually split in two and parallel the coast a second half of the system staying off
, ,,,, >>> here's look at forecast in some cities around the country. washington, d.c., partly sunny, 42. atlanta, partly sunny, 54. st. louis, cloudy, 38, denver, mostly cloudy, 33, seattle, mostly cloudy, 44 degrees. >>> here's another look at this morning's top stories. general norman swargts schwarzkopf died at his home yesterday in tampa, florida. he drove iraqi forces out of kuwait. he died from complications related to pneumonia. he was 78 years old. >>> and president obama meets with congressional leaders this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that ha
and they are not even in washington yet. >> is that january 1st deadline set in stone? are they locked into it? must it happen? presumably you have a couple of days for people in different bits of government are signing the relevant paper work to do what they have to do with the rate of tax people pay. >> there is an immediate payroll tax hike for americans as soon as the new year begins. people see a deflation in their budgets unless the process can be reversed and the spending plans are agreed upon. this is a militarily misleading term. this is a slope or a slide. these are tax increases and spending cuts that were involved and will be felt over a couple of months and so will their economic impact. if this happens and the fiscal cliff is not averted, america will go into recession immediately, that is not the case. there is the government demand over coming months which has the potential to have a recession of 2013. if taxes go up, they may cut back on their spending. this is likely to have a damaging effect. >> you will keep us posted. it has been a bleak midwinter across the u.s.. this has broug
. >> the republicans bent over backwards. we wanted an agreement, but we had no takers. >> reporter: washington scrambles to avert the fiscal cliff. >> president obama asked congressional leaders to convene at the white house today. >> if the president and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off
washington luego de hablar telefÓnicamente con lÍderes de ambos partidos sobre el abismo fiscal y el senado entrÓ en sesiÓn donde siguio el juego de culpas. >>> no me puedo imaginar su percepciÓn dijo el lÍder de la mayorÍa, ellos estÁn por todas partes del paÍs y nosotros estamos aquÍ tratando de hallar una soluciÓn. >>> lÍder de los republicanos en el senado refiriendose a las ofertas de su partido que dice que los demÓcratas han rechazado constantemente. >>> lÍderes republicanos acordaron convocar a sus miembros para una sesiÓn de la cÁmara el domingo. este analista ve pocas probabilidades para un acuerdo final. >>> no va a haber un acuerdo de largo plazo, lo que seÑala que el congreso va a re convenir el domingo es que probablemente el lunes tengamos un acuerdo temporal para extender por dos o tres meses mÁs. >>> el departamento del trabajo reportÓ que el promedio mensual de estadounidenses pidiendo subsidio bajÓ a la cantidad en pantalla. seÑal que el mercado laboral estÁ sanando, si el paÍs cae al precipicio fiscal el beneficio seria de los primeros en desaparecer
. >> i am kyla campbell in washington, d.c. happening right now the president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high spe
, i am proud to serve on that board. from catholic university in washington, who is started with the first song. there is no excuse for elder abuse. >> i am very happy to be here to talk to you all a little bit about elder abuse. there is about 5 million people. ♪ a little louder. you want me to rap? ♪ i need some help. my brain elasticity is not too god. i -- good. i need your help. turn to page 21. yo, yo, yo. maybe you want to stand up a little bit, get the blood running. 21 little -- ok. listen up. join me if you can. ♪ i want to stay connected there's a big world out ther e email through the air i may be over 60, but i love mp3's face time me ♪ here we go. one, two -- ♪ is urf the -- i surf the net for free my favorite cafe is the library i write to all my homies they know the adresdressee i'm great with advocacy ♪ we have to use the internet for advocacy and democracy. we have to be savvy cyber users. ♪ an e-mail from nigeria says i won $1 million a check will come, made out just for me ♪ ♪ what do i do? press delete looks to good to be true, it is
connell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed t
until sunday night. abc news washington. >> new word on a potential dockworkers' strike that could cripple the nation's economy. the mediator now says contract with the longshoremen on the east and gulf coast have been extended for 30 days. thousands of workers at the port of baltimore and 14 other ports from boston to houston were ready to go on strike sunday. those ports move about 40% of the nation's container cargo traffic. we enjoyed sunshine across the region, but the big story is tomorrow's potential snow. steve rudin is here to talk about that. >> we are watching the maps right now. right now it appears we will see a little bit of snow here in the d.c. area, but not a ton. take a look at the travel forecast. no problems for indianapolis, detroit, new york city and boston. you will find absolutely beautiful conditions as you head to the center of the country. we are watching a storm system to the lower left-hand corner of the screen. this is what is on its way tomorrow. it will start off as a bit of a wintry mix changing over to right now it appears mainly rain. already we d
washington. police gave chase to a stolen car that collided with a metrobus at wheeler road and southern avenue. that's near the prince george's county border. our kristin fisher is standing by and she has the latest information. kristin? >> reporter: well, what happened was three people were in a stolen car and they were driving down wheeler road when they were spotted by police. now, they just tried to speed off after police tried to pull them over but the police did not pursue them. still, they kept driving down this road i mean they were zigging and zagging out of traffic. a very dangerous situation. then they started going so fast that they sped out of control and when they tried to turn here on to southern avue they crashed into a metrobus. you see that one passing right there. and it was a head-on crash. so just take a look at what it looked like. i mean, this stolen nissan maxima was completely crushed in the front. the bus fared far better but both the driver and one passenger were taken to the hospital with very minor injuries. as for the three people in the stolen car, they ha
serious matter. we need to work earnestly. the house members should be in washington. no reason to wait until sunday night. but i do want to say wup thing, al, and i think this is very important. one of the things that the house leadership is counting on is that we are so attuned to how serious this is that they're going to try to ram anything down our throat. now, let me tell you, we need a deal. we need a good deal. we need a fair deal. but we can't take any deal because this is a serious matter. we need to make sure that they don't make the poorest, vulnerable people pay for this thing. when they're talking about c cutting social security, i'm not guilty with that program. 2 million people's unemployment and a lot of other things -- sandy, help for sandy victims is all on the line here. we've got to get something done. >> i keep hearing this sad sacrifice like we had shared prosperity. there is no shared when i've never shared the prosperity and i'm going to help pay for a tab for a meal i wasn't invited to. >> rev, there has been a massive redistribution of wealth in this country. b
-- >> [inaudible] -- washington post -- thank you for those remarks. you have taken us into thorny territory. from your visits to china, your conversations with the students there and officials there, do you have a sense that we are on a path>> thank you. "washington post." thank you for those remarks. territory. from your visits to china, and your conversations with students and officials, if you have a sense that we are on a path where an independent judiciary can be formed in a system that is ruled by communist party that puts other values much more on you are siding. do you have a sense the party is willing to make the kind of compromises that will put it out of business? >> you are asking the question ii do not know. i do know that you have an entire generation of students who were very much up to speed on this. they do see a rule of law and the kind of values and our constitution as worthwhile and important. how do get from here to there? the battle becomes half won. it is an article of faith with me. there is no dictatorship. but eventually, public opinion does matter. informed public opini
to you while i am in washington, d.c., and you can hear what i am saying across there, so we can enjoy it -- wherever i go, you know i will be working and not fooling around. finally, we also are using technology to join our private companies in hiring san franciscans. hopefully some of your kids, some of your grandkids as well, are going to enjoy some of these great jobs in san francisco, because the companies that are here, many of them have agreed to use the virtual hiring practice called and share the technology to hire online send franciscans. we're doing the right here in our great city. i have a chief innovation officer, jane, who is working in my office. he keeps a good connection for both me and them members of the board of supervisors to share in what are the technologies and what they're doing in san francisco and what the latest discoveries are that we can possibly use to help improve our city. finally, as someone you know, i celebrated my 60th birthday last week. [applause] and my staff gave me an ipad, and is looking at it -- i might have to go and join your cl
the morning hours tomorrow. 37 now in washington. no snow in the forecast today. leonardtown, you're down to 32 degrees. 30 in fredericksburg. 28 in culpeper. culpeper, you are always running cold. 32 in winchester. these temperatures actually held up a little bit with the cloud cover that we've seen roll through here overnight. nice and quiet. we are not expecting any rain shower or snow shower activity today. we do have a lot of clouds across the mid-atlantic. you can see out to the midwest, we have some cloud cover as well. our friday will feature partly sunny skies. it won't be a terribly beautiful day with highs in the low 40s. the wind much lighter than what we had around here yesterday. a little wave of low pressure is going to develop off to the south and west. clouds will get in here tonight and we should start to see snow break out across the area by day break tomorrow. let's put futurecast in motion to show you what is going to be happening. again, no problems today. here we are at 7:00 a.m. tomorrow. once again, getting that little wedge of snow developing across the area. the
. >> reporter: good morning. the tone here in washington hasn't really changed much since before christmas. now, with days to go before going over that so-called fiscal cliff, the president is hoping today's 3:00 meeting here at the white house with democratic and republican leaders will help avoid this standoff. both sides continue to play the blame game though. senate majority leader harry reid attacked house speaker john boehner for blocking a vote on a potential deal while the gop led house isn't due back until sunday, just one day before the deadline to avoid the automatic tax increases in spending cuts that could send the nation into recession. the differences between the two sides remain intact. democrats want to raise taxes on everyone earning more than $250,000 a year although the president has offered to up that to $400,000 in negotiations with boehner. republicans have rejected any new taxes even those the house speaker proposed on people earning morning a million dollars. instead, gop wants deeper spending cuts to address the nation's deficit and with the clock ticking, neither side
in washington d. doctor. i hope it's not a problem. we're from oklahoma, we don't get a whole lot of snow. ice but not a lot of snow. others are preparing for a long weekend at home. >> what do we have here? >> enough to last me a couple days. >> the good news for doreen is she'll at least have electricity while she's in her home. i was speaking to dominion power crews, they tell me they'll have crews on call and standby, but don't expect any major outages. this is a storm that will make its way up here. first it's happening on a saturday. secondly it won't be one that produces a lot of -- we're not talking about a lot of wind. for some of us it will be all rain. who gets what? that's my job to tell you who i think will get the most. the full moon was last night, so the monday is 99% full tonight. temperatures got up to 45 degrees. it was a pretty nice friday. low this morning, and yes, we do have a winter weather advisory, right now we're sitting at 38 degrees, windchill down to 33. it's a cool night. on friday night like this in the late december, not bad at all. so we are cold enough that i
in the future. >>> house lawmakers are preparing for an 11th hour deal. they're returning to washington for a rare sunday evening session. it's not clear what the house will do. house speaker john boehner still insists it's up to the senate to make the next move. >>> iran's state television is reporting the country's navy started training drills in the strait of hormuz. iran is reportedly warned other ships to stay away from the site until after the new year. the state tv report says it includes warships, submarines and jet fighters. other countries are worried these tests are another step towards iran developing a nuclear weapon. >>> the military world is mourning the death of the man known as stormin' norman. general schwarzkopf died yesterday from complications with pneumonia. he helped lead forces during the first gulf war that removed saddam hussein from kuwait. a friend of his says schwarzkopf was in love with america and possessed with a sense of duty. he was 78 years old. schwarzkopf's death sparked reaction from many prominent american politicians and military leaders. former s
need and that's what we need out of washington. we are standing on the edge of a fiscal cliff and it appears law makers are not too quick to offer a safety net. sandra endo is in washington with the latest on the developing story and sandra, it does seem like this is all talk and no action right now doesn't it. >> reporter: that's right. and there's only a few days left in this year to get anything done and that's why president obama has called the top four congressional leaders to the white house this afternoon for a closed-door meeting charley. and he wants to try to figure out a way to end this fiscal cliff stalemate but you hear the rhetoric being talked about on capitol hill, among leaders, republicans and democrats are still pointing the blame at each other for not getting this deal done. and for the lack of progress. so still no movement yet and there's only a few days to go to a get anything done. charley. >> you know let's go to what was said yesterday we talk about harry reid referring to john boehner as dictator. and we got mitch mcconel saying we are not going to w
with congressional leaders later today. danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of unemployment benefits expires and deep spending cuts set in, threatening another recession. >> it really upsets me because the government is a blow to be working for the people and i don't see that. >> despite what is at stake, senators came back early only to engage in another round of bickering. >> republicans have bent over backwards. we stepped way, way out of our comfort zone. >> we wanted an agreement. but we had no takers. >> we are in the same situation we have been in for a long time here. we can't negotiate with ourselves. >> house members were not even planning. there are
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with him, we will see a new political atmosphere in washington. at this point it seems like more of the same. host: from facebook -- guest: one thing i a lot about yesterday was this is really raising the question of canada to be cut? is it politically possible in this environment to get enough republicans and democrats to support a deal that the white house wants on deficit reduction? because they been to the altar so many times on this same issue, taxes, medicare, social security, defense spending, you must wonder, if there's any agreement possible. host: first, commented today from the senate republican leader mitch mcconnell, who will join his colleagues later today at the white house. [video clip] >> i told the president last night we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. republicans are not about to write a blank check or anything senate democrats before or just because we find ourselves at the edge of the cliff. that would not be fair to the ame
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's a little more for the optics. look, one thing i think all americans should be aware of is that washington has failed us again. because even if we get something that avoids the fiscal cliff by some makeshift deal, it's not addressing the real problem, and the real problem is somehow we're going to come up with $1.2 trillion or more in revenue and significant spending cuts on all sides including military cuts and entitlement cuts so we can actually put our debt under control. until we do that, all we're doing is kicking the can down the road. now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have this economy take off, and we blew it. we blew it. >> you kno
. coming up, we're going to hear from the vocal players in washington awaiting today's fiscal cliff negotiations. that is our top story. then we'll remember stormin' norman schwartzcopf, one of the nation's best known warriors. while leading troops to battle, he's lost his battle with pneumonia. >>> blown away by an oncoming tornado. take a look. it was recorded outside an alabama store. and it shows, oh, my gosh, the powerful winds as inspectors assess the damage from the christmas storms. we'll have more of that coming up for you later. >>> and later this half hour, 'tis the season to see the holiday blockbuster films. we're going to reveal some money making secrets of movie theaters. you'll want to tune in and see how you can avoid them. >> how you can save a buck and a warning about some of the > first, new details on the last-ditch effort to avoid the fiscal cliff. the president is meeting with top lawmakers today at the white house. >> underscoring that urgency, house speaker john boehner says the house will meet in a rare sunday session. >> reporter: it may already be too lat
the day tomorrow around the washington area, especially north and west. they are fueling up and loading up as crews here in central maryland expect to be called in at about 2:00 a.m. to start fighting incoming snow and motorists are think about travel plans. >> i do have travel plans, and that's to stay home. >> if you haven't been thinking about driving in winter weather, now is the time. >> at the state highway administration's command center, laura is keeping tabs on the developing forecast. >> it's never a good time to drive at the onset of a storm. so if you are planning on traveling this weekend keep a close eye on the winter storm on saturday, and if possible, delay travel until later in the afternoon after the storm passes or even into sunday. we're pre-treating roads right now in the d.c. and baltimore metropolitan areas with the idea of being proactive, placing salt brine on the road. >> reporter: the snow is expected to start before dawn and continue throughout the day. there are travel advisories in just about every direction you could be moving except towards maryland's easter
was very strong. the dow up 68 points. michelle, back to you. >>> all right, mary. washington, the country wants to know are you going to rise above or are you going to throw us off the cliff? another meeting set for the white house. eamonjavers is at the white house. >> we could fix this on the back of an envelope. that's not hard to imagine. what's hard is getting washington agree to it. that sound that you hear is the sound of thousands of reporters trying to read the minds of five people, the four congressional leaders and the president of the united states who are going to be in that room at 3:00 this afternoon. a whole lot of mind reading going on. not a whole lot of fact to work with. what i am told is if you want to understand where the president's brain is as he goes into this meeting today, you've got to look back at his remarks just after 5:00 p.m. on friday last week in which he laid out his vision for sort of a shorter term emergency kind of a deal. with that in mind, let me lay out what barack obama could propose in this meeting today if he lays something out. it would start
in washington. >>> some breaking news. late word that president obama will meet tomorrow with congressional leaders for one more shot at keeping the country from going over the fiscal cliff. before we get the latest on that, though, let's clear one thing up. everyone talks about the cliff as if it's simply materialized from out of the blue. keeping them honest, that is just not so. the package of drastic budget cuts and tax increases that go into effect tuesday morning are totally manmade and totally avoidable and all sides know it. it's a kind of legislative dooms day machine written by the men and women who work here and signed by president obama. the idea being to make it so painful not to cut a deal on taxes and spending that they would be forced to cut a deal on taxes and spending. except keeping them honest, they haven't done it. even though they knew the stakes, they knew the deadline, and both sides promised that this time things would be different. >> we need to return to fiscal responsibility. >> how is it that we're going to be able to do that? getting our fiscal house in order.
don't rule out total ly washington coming to its senses, but i have to say at the moment that the odds look rather against it. but there is still another option which people are not considering at the moment, and that is that we get a deal before the 12th congress wraps up on the 3rd of january, but after the 1i of january. the bush tax cuts expire and then the house republicans, who are in my view the real source of the problem here, we saw what happened last week when boehner tried to push something through. the house republicans want to cut taxes rather than raising taxes. but frankly, i think this is going to the 113th congress from where we are today the. do you think we're going to feel it on the real economy in the first quarter? are we going to see this slight cautiousness feeding through in how -- >> well, first of all, we are seeing it on the u.s. economy already. there's no question about that. it has happened a distinct impact on corporate america's willingness to invest over the past several months, some say over the past year. that's likely to continue. even if we get a d
to be talking about around the globe. congratulations, washington. >> see you later. japan, we have to keep all eyes on japan. >> that guy abe. what's his name? >> abe. you're talking about abe? >> that is the guy. honest abe. >> by the way, we have to talk about the john carney story. >> let me read it first. >> we can do that, too. >>> coming up, why investors member willing to take on more risk in 2013. first, as we head to a break, take a look at yesterday's winners and losers. >> that was wonderful. bravo. >> i loved that. it was great. >> it wasn't bad. >> there were parts of it that could have been a lot better. >> it was pretty terrible. >> it was awful. >> boo! [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. your doctor will say get
into effect. and leaders in washington have finally agreed to talk. a meeting scheduled this afternoon at the white house. abc's chief white house correspondent, jonathan karl, telling us what we can expect. we want to take a listen to sound from both sides. the looks of things, no one may be getting too far down the road. first, let's listen to what senate minority leader mitch mcconnell said on the senate floor. >> i told the president we'd be happy to look at what he proposes. but the truth is, we're coming up against a hard deadline here. and republicans aren't going to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> meanwhile, the senate majority leader, now, had even harshe harsher words for gop leadership. >> the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> wow. that is summed up very well. >> calling your other guy a dictator is not rea
for a compromise in washington today days before a new year's deadline to reach a deal or watch the economy go off the cliff. i'm. patti ann: i'm patti ann browne. they will try to avoid the across the board tax hikes for 90% of the american households and deep spending cuts. so far little to no progguess has been reported. gregg: chief white house correspondent ed henry is in the white us. ed, what do we expect out the meeting if any at all? our expectations are a little bit low. >> reporter: you're exactly right, gregg, expectations have to be low. lawmakers of both parties in conjunction with the president have missed one deadline after another. we have been saying for a couple weeks they had to get moving get this completed before christmas in order to give the house and senate time to debate and end up voting on whatever package they come up with. now that we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting f
in the rhetoric are everyday americans like my next guest, she says washington needs to know how important the fiscal cliff is to those who are out of work, specifically to the 2 million americans who will lose their federal unemployment benefits an average of about $300 a week if no deal is reached. >> good morning. >> you were laid off a year ago. tell us your story. >> well, yes, i was laid off a year ago around this time in december. and i received employment so i've been trying to look for a job which has been very difficult, on the internet every day. i also tried to start my own small business in the same field, janitorial services, which the whole thing of not having any money has caused a great hardship because i'm unable now to finance my business as well or get a small business loan because i don't have a job. >> $300, i just want to jump in, i apologize for cutting you off $300 a week doesn't get you very far to the point of financing a business. how much did this cover just your everyday expenses of living and taking care of your grocery bill and all that you have to pay for?
shoreman did not. this from the federal mediator in washington. "the container royalty payment issue has been agreed upon in principle by the parties subject to achieving an overall collective bargaining agreement. this allege saves americans from higher prices for many consumer goods. all of which would have been in short supply. as a strike would have frozen stack upon stack of containers. electronic. auto parts, airline part. computer component, tiles, manufacturered good, clothing not just things coming in from all over the world but also the u.s. products meant to sell overseas. >> so it's not just the local port area affected by the strike but the entire region and the state. going nationally as well. >> from boston to houston, these ports represent hundreds of billions of dollars worth of consumer goods that flow for distribution thousands of miles inland. thanks to both sides reaching a nearly last-minute agreement, none will see the picket signs sunday. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch t
, cbs 5, washington. >>> just hours ago hawaii's lieutenant governor became the country's newest senator. >> congratulations. >> thank you. >> 40-year-old brian schatz takes the place of long-time senator daniel inouye. inouye died just last week. schatz traveled from hawaii to washington aboard air force one with president obama last night. >>> former president george h.w. bush remains in intensive care tonight. a family spokesman says the 88- year-old is alert, in guarded condition and doing better since a cough sent him to the hospital. doctors are cautiously optimistic about his treatment. >>> the storm that hit 30 states this week is finally on its way out of the country. it's all part of the same storm system that spawned dozens of tornadoes. at least 15 people died and thousands lost power. the bad weather continues to delay flights in the northeast. >> only a 45-minute delay, fingers crossed it will stay that i way. >> get us to the airport on time hopefully. >> that storm is now moving through new england and into canada. forecasters say more snow could hit the east coast this w
surveillance act. joining us from washington is democratic congressmember dennis kucinich. this is his last again congress after serving eight terms. since 1997, dennis kucinich has been a leading progressive voice on capitol hill, into these articles of impeachment against george w. bush, voted against the patriot act, and advocated for ending the war on drugs. dennis kucinich ran for president in 2004 and 2008, down to create a permanent peace. he is former mayor of cleveland, ohio. congressmember, welcome back to "democracy now!" >> thank you. >> your term would be over except you have been called back on sunday, right, to do with the fiscal cliff? >> i have been in washington waiting to see if congress would be called back into session, as it should be. there really is no legitimate reason why the country should be facing serious tax increases for middle-class and also spending cuts that will further slow down the economy. we have made all of the wrong choices. we should be talking about jobs and more people involved in paying taxes. we should be talking about rebuilding america's infra
no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led international coalition and forced saddam hussein's forces out of kuwait. >>> some of the same states are bracing for yet another round of snow. >>> more than 14,000 longshoreman plans to walk out on sunday. >> if the strike happens, we're going to be in trouble. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> so many crazy people are running the streets. >> an uninvited guest came to a picnic in florida. >> all that -- >> somebody else got the shower on the sidelines. >> jamal crawford who i think should be an all-star this year. coming off the bench. we're dangerous. >>> and all that matters. >> hillary clinton plans to head back to work just in time for th
in the stock market, a big abrupt plunge to get attention in washington and that's when we got action. so you can look in the future and a number of things like that that could happen that would force washington to do something, but we're not there yet. stuart: no, we're not there yet. as you suggest we could roll everything over, agree to keep disagreeing with the current system in flux, but that only delays the 5 to 7% stock market drop or a downgrade from a ratings agency or a bond market-- >> i'm not sure. that might actually trigger downgrading from the agencies which many people think is come almost regardless and going back to the first time it happened in 2011 when standard & poor's did it cited political digs function a--dysfunction the main reason y did that. and that's what we're seeing all over again and everybody who knows the details will tell you this is not a unsolvable problem. there are solutions laid out all over the place in washington, stacked high on shelves, it's a problem of politicians. getting together to actually solve the problem. so we can do this, it's the govern
are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the equation. >> if we look at just the spending -- what cuts would you support? >> the president has put forward and agreed to speaker boehner -- in meeting the republicans more than halfway, he's agreed to a dollar in revenue to a dollar in spending cuts. i mean, hundreds of billions in spending cuts, we voted for a trillion in spending cuts, richard, last summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the middle class twisting in the wind, because they're unwilling to support, particularly the extremi tea p
live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house has already passed to extend all rates
in washington. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can help you with the paperwork. um...this green line just appeared on my floor. yeah, that's fidelity helping yoreach your financial goals. could you hold on a second? it's your money. roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progre
. >>> also this half hour, it is down to the wire in washington, d.c. yes, the fiscal cliff now just four days away. can a last-ditch meeting today really, really lead to a deal? really? >> i hope so, because i'm heading to washington tomorrow. but we're going to bring you another story. you're going to want to see this. a daycare burglary that turns into child's play. oh, man, this boils my blood. the christmas day thieves whose clowning around was all caught on tape. >> unbelievable. yeah, that was one of them riding a little kid's tricycle. >>> later on, britney spears is back. she may be saying goodbye to a $15 million reality tv paycheck. and why this may not be her only personal drama this morning. we have details coming up in "the skinny" and she's part of half of "the skinny" today. britney spears has a lot going on. >> making headlines. >>> first, though, the nation is remembering a war hero this morning. general norman schwarzkopf died yesterday after battling pneumonia. >> president obama called the retired general an american original who stood tall for his country and had a l
who do not. they're holding out hope for an 11-hour deal. hardly the first time that washington has pushed things to the edge. >> i actually think there's still a chance to get something done. so, you know, these deals usually come together at the last moment. >> why are you cautiously optimistic when it seems everyone else is saying we're going to go over the cliff? >> well, to paraphrase ronald reagan, there's so much manure around here there has to be a pony around here. no one wants tax hikes on 98% of the american people. >>> the president faces a potential default in the coming months unless the debt ceiling is raised again. a mo >> it's somewhat like taking your child hostage and saying to somebody else i'm going to shoot my child if you don't want done. there's no republican leader that wants to default on our debt that i talked to, that should be nonpartisan. >> congressman, not the best choice of words. >>> anyway, the house will reconvene this week. for your trivia types out there, only the fifth time in more than 70 years members have been called into work stween christm
weather advisory from 3:00 a.m. until 6:00 p.m. north and west of washington. a general look at snowfall amounts. because of to the outer suburbs,mostly it will be rain. once we get through this in the afternoon, it will turn into a partly cloudy, breezy day on sunday. a lot more on the weather and timing tonight at 11:00. >> our sister stationstation, news channel 8 will have updates all morning long. that does it for us for now. >> have a good night and a good weekend.
increases for evvry american and drassic speeding cutt. resident ooama summoned four washington power players and others to a meeting at the whitt house this afternnoo.. nancy pelosi....ssnate majority leader harry reid, and senate minority leader mitch mcconnell. potential deal. "reeubllccns are not about to write a bbank check for anything the senate democrats put forward.""i'm happy to work with thee anyway that i &pcan but the way things havee been going, it's not a good escape hatch that we have." &pobama is expected to comment 45. weell bring you that live... ii jjst ten minutes the cost of living in 2013 could soon go up. a up to 8-dollars. - p crystal haynes explains why the price could soon double. doublee kristen bianculli s a busy mom of two. herrgirls and husband--bianculli ssyss "yep. they drink a lot of mmlk."" ...and wwth the current cost of milk sse's like most moms...she shhps the &psales. bianculli says: "it's you know, it's ggne and you're - likk 'oh the onns that are on sale are gonn!'" but come january
is it? 3 3 3 3 a highhstakes meeting will be held in washington this closer to the fiscal liff. president obama and top congressiinal leaderr will look for commonngroond to keep autooatic tax innreases and spending cuts from kicking in. ed payne has theestory. 3 in what is seen as a last-minnte attempt to reach a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd
details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted political wounds. it is because they could not reach a deal earlier this year. we will have more tonight at 11. now we will lighten the mood a little bit here to talk about the soft shell crab sandwich. that's quite a sad way. it may become the first state sandwich. -- that's quite a segue. in 2008, they pass legislation to make the multi layered cake our state dessert. >> i like the sandw
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